Socially Most Trending News

.... The shares closed down 14%, wiping about £200m off the value of the company. Mackenzie, 65, has been executive chairman of the AA since 2014, when he was instrumental in a stock market flotation of the company. ...
[Read full article on Guardian]

....London’s world-class reputation for corporate governance is at risk if the City regulator presses ahead with plans to water down stock market rules for companies owned by sovereign wealth funds, business leaders have warned. The Financial Conduct Authority published plans last month to introduce rules that were regarded as an attempt by the regulator to attract the world’s biggest ever flotation – of Saudi Aramco, Saudi Arabia’s state oil company – to London. ...
[Read full article on Guardian]

Latest Finance News related to Flotation

....London’s world-class reputation for corporate governance is at risk if the City regulator presses ahead with plans to water down stock market rules for companies owned by sovereign wealth funds, business leaders have warned. The Financial Conduct Authority published plans last month to introduce rules that were regarded as an attempt by the regulator to attract the world’s biggest ever flotation – of Saudi Aramco, Saudi Arabia’s state oil company – to London. ...

.... The shares closed down 14%, wiping about £200m off the value of the company. Mackenzie, 65, has been executive chairman of the AA since 2014, when he was instrumental in a stock market flotation of the company. ...

....At a time when high street fashion sales are transferring online, investors are are excited about the growth prospects of fashion websites such as Boohoo that appeal to phone-addicted millennial shoppers. After a rocky start in 2014, Boohoo’s flotation has been a roaring success with its shares soaring from their debut price of 50p to 221p, valuing the company at £2. ...

. The City regulator is proposing to water down stock market rules in a move regarded as an attempt to attract the world’s biggest ever flotation – of Saudi Aramco, the Gulf kingdom’s state oil company – to London. ...

....The shares fell from £3 to less than 35p following the company's stock market launch, as investors became worried about Mr Ashley's unconventional management practices - including the time he played a game of "spoof" with the investment bankers who had organised the float. One of the many times Mr Ashley became extremely animated in court was when asked to describe the moment when he played spoof with an investment banker to settle a dispute over £750,000 of legal fees connected with Sports Direct's flotation. ...

.... However, the businessman said he couldn’t recall making the alleged deal and if he had it would have been “obviously just banter”. “I was already fabulously wealthy,” he said of Sports Direct’s flotation on the stock market 10 years ago. ...

....Its founders Julian Metcalfe and Sinclair Beecham considered the move in 2001 but instead provoked controversy when they sold a 33% stake in the business to US fast food giant McDonald's for £50m. In 2007, just before the financial crisis, a flotation was on the cards again but Pret was eventually sold for £350m to Bridgepoint and Goldman Sachs. ...

....The owner of Pret a Manger is reportedly exploring a listing on the New York stock exchange, as it eyes up expansion in the $41bn (£32bn) a year US coffee shop market. Bridgepoint, the UK-based private equity firm, is thought to be considering a flotation with JP Morgan and Jefferies as lead advisers. ...

....The 30-year-old company was founded by the entrepreneur Julian Metcalfe, who went on to create the Itsu restaurant chain and Metcalfe’s Skinny popcorn. It is now controlled by private equity firm Bridgepoint but there has been speculation that it is gearing up for a stock market flotation within the next 18 months, with further speculation that bosses are eyeing a listing in New York rather than London. ...

....”. The anecdote is one of many in Gadhia’s autobiography, The Virgin Banker, in which she also talks candidly about her battle with depression, particularly after the birth of her daughter Amy in 2002, after six attempts at IVF, and again three years ago when she had to suppress suicidal thoughts at the same time as Virgin Money was preparing for a stock market flotation. ...

. Theresa May and the London Stock Exchange chief executive, Xavier Rolet, have launched a charm offensive in Riyadh to woo Saudi ministers with the prospect of London hosting the upcoming flotation of Saudi state oil company Aramco, which is likely to be the largest of all time. ...

....Music streaming business Spotify has signed a new, long-term, deal with Universal Music Group, one of the world's biggest record companies. Spotify has been trying to sign similar long-term deals with big labels, including Sony and Warner, ahead of a possible stock market flotation. ...

....WPP chief executive Sir Martin Sorrell recently referred to Snapchat’s potential to become a “third force” alternative but many investors and analysts remain wary of Snapchat’s future. After a much-hyped stock market flotation earlier this month that valued Snap, the company behind Snapchat, at $29bn the company’s share price has steadily sunk. ...

.... Evan Spiegel at Snap, too, might “provide the confidence and stability needed to take the appropriate level of risk”, said Sorrell. It’s an impressive list, even if it is too early to tell if Snap – five years old and loss-making, despite its startling $28bn valuation in last week’s flotation – is tomorrow’s Facebook or just today’s fad. ...

....The company's losses widened last year, and user growth is slowing down in the face of intense competition from larger rivals such as Facebook. Despite the challenges in converting "cool" into cash, Snap's valuation is the richest for a US tech flotation since Facebook in 2012. ...

....What sheltered lives they’ve been leading at the Financial Conduct Authority (FCA). For about two decades now, anybody who follows the flotation, or initial public offering (IPO), scene in London has known the process of bringing a company to the stock market is riddled with obfuscation and conflicts of interest. ...

....The case, with its details of lavish corporate spending as Spain endured its devastating economic crisis, has prompted huge anger. Thousands of small-scale investors lost their money after they were persuaded to convert their savings to shares before the flotation of Bankia in 2011 with Rato at the helm. ...

....Bankia was rescued in 2012 at huge public expense. About 200,000 small-scale savers - who had been persuaded to convert their savings into shares before Bankia's flotation in 2011 - lost their money. ...

....Speculation about potential buyers immediately focused on private equity houses or so-called challenger banks such as TSB, owned by Sabadell of Spain, Clydesdale and Yorkshire Bank, Virgin Money, and Santander. While a sale appears to be the preferred route, options including a stock market flotation are also being considered. ...

....Twitter co-founder Jack Dorsey insisted that Donald Trump’s 140-character pearls of wisdom had “boosted the power” of the social media site. Yet the company lost $457m (£367m) last year, taking its cumulative losses since flotation to $2. ...

. Snapchat hopes its planned flotation in New York will value the five-year-old photo-sharing app company at up to $25bn (£20bn) and turn its 26-year-old founder, Evan Spiegel, into the world’s youngest billionaire with a $5. ...

....During his time at the Bank, in 2002, Clementi warned about the house price bubble and admonished members of the Treasury select committee for not heeding his warnings. He left the Bank shortly afterwards, going back to the City and becoming “the man from the Pru” as chairman of Prudential from 2002-2008 and of Virgin Money, where he oversaw its successful flotation. ...

....The sell-off will leave Ascential with just one print title, Retail Week, which it is keeping due to its strategic fit with the digital brands Planet Retail and One Click Retail. The publisher, which made an £800m stock market flotation in February last year, said it was selling off the 13 titles to focus on its “largest brands and those with the highest growth potential”. ...

....Founded in 1472, Monte dei Paschi is said to be the oldest surviving bank in the world. The bank suspended trading in its shares on Wednesday morning, when they fell to their lowest level since the bank's stock market flotation in 1999. ...

....Last week Boohoo bought a controlling stake in Pretty Little Thing, the startup founded by the sons of Boohoo’s co-founder, Mahmud Kamani. With Pretty Little Thing valued at only £5m thanks to an option clause dating back to Boohoo’s flotation prospectus in 2014, the deal was as much of a bargain for shareholders as the £8 clingy dresses its shoppers love. ...

.... McIntosh has enjoyed success on many fronts over many years, but being a pioneer of the pubco model was not his finest hour. He might argue that he left Punch soon after flotation in 2002 and that the high-leverage formula only became dangerous when successors pushed it too hard. ...

....The other approach, of 185p a share, is from Alan McIntosh, a Punch co-founder. Mr McIntosh helped start Punch Taverns in 1997 and later led its stock market flotation, while working as its chief financial officer in 2002. ...

.... The company has recovered through its own efforts but also through good fortune, in the form of a rapid rebound in the prices of copper, coal and zinc. Those commodities will have to keep humming along if Glencore is ever to return to its 2011 flotation price of 530p, which is a truer benchmark for success. ...

....“We have doubts that parcels revenue can fully offset the secular decline in letters revenue,” wrote analysts at broker Liberum, who added that Royal Mail’s share price already priced in any future growth. Shares in Royal Mail closed down 7% on Thursday at 464p, compared with a flotation price of 330p. ...

. There is a lot of fake news around on social media these days, but there is a specific reason why we cannot be 100% certain that the owner of Snapchat has filed for an initial public offering (IPO), or flotation. ...

....Based on investments so far, the California-based firm would be worth between $20bn and $25bn (£16bn-£20bn). That would make it the largest US flotation since Chinese e-commerce giant Alibaba listed two years ago. ...

....On Tuesday, Standard Chartered reported underlying pre-tax profits of $458m, compared with a $139m loss last year, but chief executive Bill Winters said "income and profit levels are not yet acceptable". Standard Chartered also said it could face action from Hong Kong's financial regulator over its role as joint sponsor of a share flotation in 2009. ...

....The Asia-focused bank reported underlying pre-tax profits of $458m, compared with a $139m loss last year, but chief executive Bill Winters said "income and profit levels are not yet acceptable". Standard Chartered also said it could face action from Hong Kong's financial regulator over its role as joint sponsor of a share flotation in 2009. ...

....Biffa chief executive Ian Wakelin said the stock market listing was "a significant milestone" for the company. The UK's second-largest waste management group, which employs more than 7,000 staff, announced plans for the flotation in September. ...

....With a SIP your employer can give you up to £3,600 of free shares in any tax year, but you have to hold them for at least three years. At the Royal Mail, the company’s flotation in October 2013 was highly controversial because the government sold 60% of the business for 330p a share, only to see the price immediately shoot up. ...

....A UK company that supplies software to some of the world's largest banks is returning to the stock market in the biggest float of the year so far. Misys is expecting to list its shares in London in November in a flotation that could value the company at £5. ...

....On his watch, Bankia became the bank that symbolised Spain's financial crisis. The small team at 15MpaRato started compiling evidence of what they saw as fraudulent information given to people with accounts at Bankia who had been given the chance to buy "preferential" shares before the flotation. ...

....Twitter has never made a profit and sales growth has been slowing in recent quarters. In July, Twitter reported that second quarter sales had risen almost 20%, the weakest growth since its stock market flotation in 2013. ...

....”. Wood said: “After a hugely enjoyable four years with Shawbrook, and the immense privilege of leading the group for a period of time post the [flotation], I have decided that after a very intense couple of years I need to make more time for my family. ...

.... Stock markets around the world fell sharply on Friday following the referendum result and businesses said they would be forced to review their UK operations, putting thousands of jobs at risk. According to reports this weekend, the uncertainty caused by the referendum could lead to the scrapping of £15bn of stock market flotations and major takeover deals falling apart. ...

.... The company’s shares plunged by more than 40% on a single day in February, wiping out $11bn of market value after its revenue forecast fell well short of expectations. The fall was the shares’ worst day since the flotation. ...

.... Ministers are committed to helping windfarms out at sea which have received much less opposition from residents but are much more expensive to develop. Growing investor enthusiasm for low-carbon energy in the aftermath of commitments made at the Paris climate change talks were underlined this week with the £10bn flotation of Dong Energy. ...

....Despite the slowdown, the firm said its cash reserves of €640m allowed it to step up investments in its brands to “further strengthen its competitive market position”. The company’s president, Giorgio Armani, founded the company that bears his name in Milan in 1975, and has toyed with the idea of a stock market flotation in the past two decades. ...

....________________________________________________________________. TIME Out, the leisure listings magazines turned digital media business, has announced a proposed stock market flotation expected to value it at about £200million. ...

. Danish-based Dong Energy, a major investor in British offshore windfarms, is heading for the world’s biggest stock market flotation so far this year with a price tag for the entire business of 106. ...

.... The firm, the biggest service of its kind, has been the target of much of the criticism directed at music streaming by Radiohead, Adele and others, with Taylor Swift pulling her entire back catalogue from Spotify in 2014. Undaunted, Spotify, which is controlled by its founders, Ek and fellow Swede Martin Lorentzon, plans a stock market flotation in the next few years. ...

.... It is one of 5,000 sellers on the 10-year-old website, which racked up sales of £156m from January through December 2015. But if City gossip is to be believed, the company is jumping through different kinds of hoops, which could lead to a stock market flotation. ...

. The flotation of the upmarket chocolatier will deliver a £20million windfall to both of its co-founders, Angus Thirlwell and Peter Harris, who combined will retain a two-thirds stake in the business. ...

....”. He said the flotation exposed the “flakey and unstable nature of rail franchising”, with Deutsche Bahn allowed to win rail contracts and then hold a “corporate car-boot sale without any controls over who is getting a slice of the action”. ...